QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by New Republic Capital LLC

New Republic Capital LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 58.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,464 shares of the wireless technology company’s stock after purchasing an additional 912 shares during the quarter. New Republic Capital LLC’s holdings in QUALCOMM were worth $379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sovran Advisors LLC purchased a new stake in QUALCOMM during the 4th quarter worth about $457,000. Stonebridge Financial Group LLC acquired a new stake in QUALCOMM during the fourth quarter worth approximately $3,553,000. Essex Financial Services Inc. lifted its position in shares of QUALCOMM by 14.5% during the 4th quarter. Essex Financial Services Inc. now owns 11,569 shares of the wireless technology company’s stock worth $1,777,000 after buying an additional 1,464 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of QUALCOMM by 38.1% in the 4th quarter. Focus Financial Network Inc. now owns 6,278 shares of the wireless technology company’s stock valued at $964,000 after buying an additional 1,731 shares during the last quarter. Finally, Sapient Capital LLC raised its stake in QUALCOMM by 1.9% during the 4th quarter. Sapient Capital LLC now owns 90,095 shares of the wireless technology company’s stock worth $13,840,000 after acquiring an additional 1,690 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,268 shares of company stock worth $7,276,381 in the last quarter. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 2.0 %

Shares of NASDAQ QCOM opened at $171.36 on Tuesday. The stock has a fifty day moving average price of $162.15 and a 200 day moving average price of $165.55. The company has a market cap of $189.52 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 12-month low of $148.41 and a 12-month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Research analysts anticipate that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research reports. UBS Group raised their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Sanford C. Bernstein lifted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Evercore ISI decreased their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.